April 13, 2014 / 11:52 PM / in 4 years

PRESS DIGEST- Financial Times - April 14

April 14 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


China snaps up Glencore copper mine for $6 bln


ECB policy makers plot QE road map


UK watchdog targets bankers with big rise in penalties


Osborne’s plan to give taxman more powers faces Tyrie scrutiny


Co-operative Group to reveal 2 bln stg-2.5 bln stg pre-tax loss


WHO plans to regulate e-cigarettes in same way as normal tobacco



Commodities trader Glencore Xstrata sold its interest in the Las Bambas copper mine in Peru to a Chinese consortium for $6 billion in cash.

The European Central Bank is ready to make asset purchases if it deems them necessary to stave off low inflation in the euro zone, Executive Board member Benoit Coeure said on Sunday.

The amount of individual penalties levied on wayward bankers by UK’s Financial Conduct Authority has increased 76 percent over the past two years.

Finance Minister George Osborne’s plan to give the taxman powers to clamp down on 10 billion pounds of tax evasion and avoidance in the UK might face opposition from a committee of MPs, who argue that the move could hit civil liberties.

Britain’s Co-Operative Group is set to reveal a staggering 2 billion-2.5 billion pound loss on Thursday, highlighting the urgency of adopting sweeping governance reforms at the troubled mutual.

Certain sections of the World Health Organisation are keen to categorise e-cigarettes as tobacco and regulate them as normal cigarettes, according to leaked documents seen by the FT.

Compiled by Karen Rebelo in Bangalore

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